International Petroleum (TSE:IPCO) Given New C$20.00 Price Target at BMO Capital Markets

International Petroleum (TSE:IPCO) had its price objective raised by BMO Capital Markets from C$18.00 to C$20.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Separately, ATB Capital upgraded shares of International Petroleum from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$21.00 to C$22.00 in a report on Wednesday, October 16th.

International Petroleum Stock Performance

IPCO stock opened at C$18.65 on Tuesday. International Petroleum has a 1-year low of C$13.36 and a 1-year high of C$20.59. The business has a 50-day moving average price of C$15.93 and a 200 day moving average price of C$17.42. The company has a market capitalization of C$2.25 billion, a P/E ratio of 9.82 and a beta of 2.38. The company has a debt-to-equity ratio of 43.56, a current ratio of 2.97 and a quick ratio of 3.93.

Insider Transactions at International Petroleum

In other news, Director William A.W. Lundin acquired 6,250 shares of International Petroleum stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of C$15.39 per share, for a total transaction of C$96,187.50. Also, Senior Officer Curtis White bought 2,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of C$15.24 per share, with a total value of C$30,480.00. Corporate insiders own 35.60% of the company’s stock.

International Petroleum Company Profile

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.